The International Banker 2022 ASIA And AUSTRALASIA Banking Sector Awards Winners

As China’s economy struggles to refocus following the COVID-19 pandemic, its banking sector has gone under mounting pressure, with smaller, rural banks enduring the brunt. The Chinese government has consequently chosen to inject 320 billion yuan ($47 billion) of public funds into little and midsized banks to shore up the economy and sustain lending.

Reports have noticed that capital injections will be financed through continues raised from infrastructure bonds. The China Banking and Insurance Regulatory Commission (CBIRC) and the Ministry of Finance will give funding for bond-issue allotments to explicit Chinese regions through August.

Lenders likewise face a developing mortgage boycott as homebuyers refuse to pay mortgages on unfinished projects, which keep on being delayed. This has exacerbated issues in China’s real-estate sector, raising worries over the chance of a systemic financial crisis. The issues started in 2020 in the wake of Beijing started taking action against extreme borrowing by real-estate developers to curb their mounting debt levels and rein in accelerating house-
cost inflation. However, today, fears are developing that the mortgage boycott could send banks’ bad loans to impractical levels, dampening sentiments further in the property sector, as per analysts.

As per data from the Bank of Japan (BoJ), the absolute extraordinary loans held by the country’s four fundamental categories of banks, including credit unions, arrived at an all-time high of 588.232 trillion yen ($4.36 trillion) in July. The yearly 1.8-percent ascend in lending followed a 1.2-percent gain in June that generally reflected rising fund demand for property investment, mergers, and acquisitions, a BoJ official affirmed.

Lending was likewise boosted to meet rising raw-material expenses and demand as a result of the economy reopening following the lifting of pandemic limitations. The data showed that complete lending by major and regional banks rose by 2.1 percent in July from a year sooner, the quickest yearly development since May 2021.

A new analysis by Fitch Ratings found that South Korea’s four major banks — Kookmin Bank, Shinhan Bank, KEB Hana Bank, and Woori Bank — can keep a comprehensively steady profile in the close-to-term, regardless of the potential for extra rate increments and an economic downturn. Fitch added that solid income growth and sound resource quality would probably be upheld by the lenders’ strong domestic banking franchises and further developed risk profiles.

“Persistent inflationary pressure may prompt the Bank of Korea to raise its policy rate further in tandem with the US Fed even after a 175bp cumulative hike since August 2021 to 2.25 percent by July 2022,” the rating agency noted, projecting that supply-chain disruptions and high commodity prices will slow Korea’s gross domestic product (GDP) growth to 2.4 percent in 2022 and 2.5 percent in 2023 after a strong rebound of 4.1 percent in 2021.

Indonesian banks performed surprisingly well during the principal half of the year. Credit disbursements at the three biggest Indonesian lenders — state-owned Bank Mandiri and Bank Rakyat Indonesia (BRI) as well as Bank Central Asia — developed somewhere in the range of 9 and 14 percent yearly during the period, consequently outperforming the initial January targets of something like 8%.

Central bank data showed that total bank-loan issuance was likewise somewhere around 10% higher year-on-year in June, twofold the development rate kept in December. The central bank has subsequently upgraded its loan projections for the year to somewhere in the range of 10 and 11 percent from its past estimate of 6 to 8 percent.

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As per the most recent stress tests led by Fitch Ratings in mid-July, a slowdown in the local housing market shouldn’t materially affect Australia’s major lenders. In any case, Australian households are as of now “highly leveraged”, with the debt-to-income ratio at a record 143.7 percent in March and a huge portion of mortgages on variable interest rates. All things considered, a sharp rise in interest rates would leave borrowers vulnerable.

“National house prices fell in May 2022 amid expectations of further interest-rate hikes in 2022 and 2023,” the Fitch report noted. “Nonetheless, our base-case assumption is that continued economic growth and low unemployment will cushion housing-market stress. Banks also have substantial buffers and lenders’ mortgage insurance that should limit losses.”

The Reserve Bank of Australia (RBA) has turned into the furthest down the line major central bank to affirm that it is investigating the chance of presenting a central bank digital currency (CBDC). Alongside the Treasury and other significant agencies, the central bank will supervise research investigating the potential economic benefits of such a currency for the country.

With that in mind, a research paper will be published before very long, with the central bank adding that the research will be introduced with regards to Australia previously having “relatively modern and well-functioning payment and settlement systems”.

The International Banker 2022 – ASIA Award Winners in Banking Sector

BANKING CEO OF THE YEAR
Asia
Mr. Abdul Rahman Ahmad
CIMB Group (Malaysia)

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BEST CUSTOMER SERVICE
PROVIDER OF THE YEAR
Asia
Asia Commercial Bank (ACB) (Vietnam)

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Best Banking Group China
Industrial and Commercial Bank of China

Best Banking Group India
ICICI Group

Best Banking Group Indonesia
Bank Mandiri

Best Banking Group Japan
Mitsubishi UFJ Financial Group

Best Banking Group Malaysia
Malayan Banking Berhad (Maybank)

Best Banking Group South Korea
KB Financial Group

Best Investment Bank Of The Year China
China International Capital Corporation Limited (CICC)

Best Investment Bank Of The Year India
SBI Capital Markets

Best Investment Bank Of The Year Japan
Nomura

Best Investment Bank Of The Year Malaysia
CIMB Investment Bank

Most Sustainable Bank Of The Year Asia
Asia Commercial Bank (ACB)

Best Commercial Bank Of The Year Cambodia
Prince Bank

Best Commercial Bank Of The Year China
Postal Savings Bank of China

Best Commercial Bank Of The Year India
State Bank of India

Best Commercial Bank Of The Year Indonesia
Bank Rakyat Indonesia (BRI)

Best Commercial Bank Of The Year Japan
Mizuho Bank

Best Commercial Bank Of The Year Malaysia
CIMB Bank

Best Commercial Bank Of The Year Sri Lanka
Bank of Ceylon

Best Commercial Bank Of The Year Thailand
Government Savings Bank

Best Commercial Bank Of The Year Vietnam
Asia Commercial Bank (ACB)

Best Private Bank Of The Year China
China Construction Bank

Best Private Bank Of The Year India
HDFC Bank

Best Private Bank Of The Year Indonesia
Bank OCBC NISP

Best Private Bank Of The Year Malaysia
CIMB Private Banking

Best Private Bank Of The Year Singapore
DBS Bank

Best Innovation In Retail Banking Cambodia
Prince Bank

Best Innovation In Retail Banking China
China Construction Bank

Best Innovation In Retail Banking India
HDFC Bank

Best Innovation In Retail Banking Indonesia
Bank Mandiri

Best Innovation In Retail Banking Japan
Japan Post Bank

Best Innovation In Retail Banking Malaysia
Maybank

Best Innovation In Retail Banking Philippines
Union Bank of the Philippines (UnionBank)

Best Innovation In Retail Banking Singapore
DBS Bank

Best Innovation In Retail Banking South Korea
Kookmin Bank

Best Innovation In Retail Banking Sri Lanka
Bank of Ceylon

Best Innovation In Retail Banking Thailand
Government Savings Bank

Best Islamic Bank Of The Year Indonesia
Bank BTPN Syariah

Best Islamic Bank Of The Year Malaysia
Maybank Islamic

The International Banker 2022 – AUSTRALASIA Award Winners in Banking Sector

BANKING CEO OF THE YEAR
Australasia
Mr. Ross McEwan
National Australia Bank (NAB)

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BEST CUSTOMER SERVICE
PROVIDER OF THE YEAR
Australasia
National Australia Bank (NAB)

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Best Investment Bank Of The Year Australia
Macquarie

Best Investment Bank Of The Year New Zealand
Jarden

Most Sustainable Bank Of The Year Australasia
Kiwibank

Best Commercial Bank Of The Year Australia
National Australia Bank (NAB)

Best Commercial Bank Of The Year New Zealand
ASB Bank

Best Private Bank Of The Year Australia
National Australia Bank (NAB) Private Wealth

Best Innovation In Retail Banking Australia
Commonwealth Bank of Australia

Best Innovation In Retail Banking New Zealand
TSB BANK